Knowledge (XXG)

Critical chain project management

Source đź“ť

288:
draws an analogy with a relay race. Each element on the project is encouraged to move as quickly as they can: when they are running their "leg" of the project, they should be focused on completing the assigned task as quickly as possible, with minimization of distractions and multitasking. In some case studies, actual batons are reportedly hung by the desks of people when they are working on critical chain tasks so that others know not to interrupt. The goal, here, is to overcome the tendency to delay work or to do extra work when there seems to be time. The CCPM literature contrasts this with "traditional" project management that monitors task start and completion dates. CCPM encourages people to move as quickly as possible, regardless of dates.
275:. In 1999, a researcher applied simulation to assess the impact of risks associated with each component of project work breakdown structure on project duration, cost and performance. Using Monte Carlo simulation, the project manager can apply different probabilities for various risk factors that affect a project component. The probability of occurrence can vary from 0% to 100% chance of occurrence. The impact of risk is entered into the simulation model along with the probability of occurrence. The number of iterations of Monte Carlo simulation depend on the tolerance level of error and provide a density graph illustrating the overall probability of risk impact on project outcome. 301:
buffers created during the planning stage. A fever chart or similar graph can be created and posted to show the consumption of buffer as a function of project completion. If the rate of buffer consumption is low, the project is on target. If the rate of consumption is such that there is likely to be little or no buffer at the end of the project, then corrective actions or recovery plans must be developed to recover the loss. When the buffer consumption rate exceeds some critical value (roughly: the rate where all of the buffer may be expected to be consumed
264:, or other reasons, CCPM uses "buffers" to monitor project schedule and financial performance. The "extra" duration of each task on the critical chain—the difference between the "safe" durations and the 50% durations—is gathered in a buffer at the end of the project. In the same way, buffers are gathered at the end of each sequence of tasks that feed into the critical chain. The date at the end of the project buffer is given to external 318: 253:, using the aggressive durations. The longest sequence of resource-leveled tasks that lead from beginning to end of the project is then identified as the critical chain. The justification for using the 50% estimates is that half of the tasks will finish early and half will finish late, so that the variance over the course of the project should be zero. 245:
A duration is assigned to each task. Some software implementations add a second duration: one a "best guess," or 50% probability duration, and a second "safe" duration, which should have higher probability of completion (perhaps 90% or 95%, depending on the amount of risk that the organization can
300:
According to proponents, monitoring is, in some ways, the greatest advantage of the Critical Chain method. Because individual tasks vary in duration from the 50% estimate, there is no point in trying to force every task to complete "on time;" estimates can never be perfect. Instead, we monitor the
287:
With no slack in the duration of individual tasks, resources are encouraged to focus on the task at hand to complete it and hand it off to the next person or group. The objective here is to eliminate bad multitasking. This is done by providing priority information to all resources. The literature
283:
When the plan is complete and the project is ready to start, the project network is fixed and the buffers' sizes are "locked" (i.e., their planned duration may not be altered during the project), because they are used to monitor project schedule and financial performance.
291:
Because task duration has been planned at the 50% probability duration, there is pressure on resources to complete critical chain tasks as quickly as possible, overcoming student's syndrome and Parkinson's Law.
223:
feel that the earned value management technique is misleading, because it does not distinguish progress on the project constraint (i.e., on the critical chain) from progress on non-constraints (
529: 200:
CCPM planning aggregates the large amounts of safety time added to tasks within a project into the buffers—to protect the due-date performance and avoid wasting this safety time through
57:
algorithms, which emphasize task order and rigid scheduling. A critical chain project network strives to keep resources levelled, and requires that they be flexible in start times.
133:
from being completed in a shorter time, given finite resources. If resources are always available in unlimited quantities, then a project's critical chain is identical to its
610: 102:
With traditional project management methods, 30% of lost time and resources are typically consumed by wasteful techniques such as bad multitasking (in particular
242:(WBS) is created in much the same fashion as with critical path. The plan is worked backward from a completion date with each task starting as late as possible. 246:
accept). Other software implementations go through the duration estimate of every task and remove a fixed percentage to be aggregated into the buffers.
542: 75:. The application of CCPM has been credited with achieving projects 10% to 50% faster and/or cheaper than the traditional methods (i.e., CPM, PERT, 94:(technical content delivered), and 30% are cancelled before completion. CCPM tries to improve performance relative to these traditional statistics. 676: 524: 681: 596: 163:
As far as is known, there is no analytical method for finding an absolute optimum (i.e., having the overall shortest critical chain).
505: 492: 192:
Monitoring project progress and health by monitoring the consumption rate of the buffers rather than individual task performance to
154:. Implicit means that they are not included in the project network, but must be identified by looking at the resource requirements. 167: 150: 686: 603: 193: 87: 38: 103: 407: 91: 619: 86:
and others as of 1998, only 44% of projects typically finish on time. Projects typically complete at 222% of the
42: 466: 239: 268:
as the delivery date. Finally, a baseline is established, which enables financial monitoring of the project.
362: 305:
the end of the project, resulting in late completion), then those alternative plans need to be implemented.
226: 216: 552: 539: 272: 141: 70: 20: 582: 357: 66: 655: 630: 271:
An alternate duration-estimation methodology uses probability-based quantification of duration using
265: 134: 50: 90:
originally planned, 189% of the original budgeted cost, 70% of projects fall short of their planned
170:
is much greater than the difference between the optimum and near-optimum ("good enough" solutions).
46: 650: 201: 34: 383: 257: 209: 111: 571: 517:
Critical Chain in Practice: Using the Theory of Constraints to Manage Projects & Portfolios
431: 645: 635: 520: 501: 488: 250: 261: 205: 107: 565: 546: 220: 83: 317: 670: 118: 65:
Critical chain project management is based on methods and algorithms derived from
475:
Tzvi Raz, Robert Barnes and Dov Dvir, Project Management Journal, December 2003.
126: 76: 256:
Recognizing that tasks are more likely to take more time than less time due to
588: 467:
https://www.melbourne.pmi.org.au/wp-content/files/MWP1020_Critical_Chain.pdf
576: 69:. The idea of CCPM was introduced in 1997 in Eliyahu M. Goldratt's book, 187:
Resource buffers (companies are usually reluctant to give more resources)
144:. Main features that distinguish critical chain from critical path are: 384:"The Basics of Critical Chain Project Management [2024] • Asana" 568:- Description of Project Buffering and Critical Chain Buffer Management 130: 229:
can determine the size of the project, feeding, and resource buffers.
215:
Critical chain project management uses buffer management instead of
82:
According to studies of traditional project management methods by
408:"Critical Chain Project Management Improves Project Performance" 54: 41:(people, equipment, physical space) required to execute project 592: 312: 49:. It differs from more traditional methods that derive from 348:
Critical sequence was originally identified in the 1960s.
553:
A critical review of "A Critical Look at Critical Chain"
329: 549:, Roy Stratton, POMS 20th Annual Conference, May 2009 540:
Critical Chain Project Management Theory and Practice
249:
Resources are assigned to each task, and the plan is
530:
A critical look at critical chain project management
19:"Critical Chain" redirects here. For the novel, see 511:
Projects in Less Time: A Synopsis of Critical Chain
555:, Scott Button, EM 540 Research Paper, March 2011 129:- and resource-dependent tasks that prevents a 604: 219:to assess the performance of a project. Some 160:—a "good enough" solution is enough because: 114:, in-box delays, and lack of prioritization. 8: 611: 597: 589: 572:Theory of Constraints: A Research Database 566:An Online Guide To Theory Of Constraints 532:, Tzvi Raz, Robert Barnes and Dov Dvir, 16:Method of planning and managing projects 374: 212:, and poorly synchronized integration. 176:Identification and insertion of buffers 585:- A 10 question quiz on Critical Chain 158:Lack of search for an optimum solution 79:, etc.) developed from 1910 to 1950s. 579:- Website dedicated to Critical Chain 7: 140:Critical chain is an alternative to 485:Project Management In the Fast Lane 14: 641:Critical chain project management 519:, by J.P.Bernard & I.Icord, 498:Critical Chain Project Management 457:Harvey Maylor, Project Management 432:"The Standish Group Report Chaos" 149:Use of (often implicit) resource 27:Critical chain project management 316: 33:) is a method of planning and 1: 677:Project management techniques 166:The inherent uncertainty in 703: 682:Project management by type 534:Project Management Journal 18: 626: 620:Schedule network analysis 240:work breakdown structure 125:is the sequence of both 577:Critical Chain projects 363:Event chain methodology 227:Event chain methodology 225:i.e., on other paths). 217:earned value management 45:. It was developed by 439:www.projectsmart.co.uk 273:Monte Carlo simulation 142:critical path analysis 21:Critical Chain (novel) 687:Theory of constraints 358:Theory of Constraints 67:Theory of Constraints 656:Schedule compression 631:Critical path method 135:critical path method 37:that emphasizes the 47:Eliyahu M. Goldratt 651:Resource smoothing 545:2018-08-17 at the 328:. You can help by 238:A project plan or 664: 663: 646:Resource leveling 636:Scenario analysis 525:978-2-35422-253-6 513:, by Mark Woeppel 346: 345: 35:managing projects 694: 613: 606: 599: 590: 536:, December 2003. 469: 464: 458: 455: 449: 448: 446: 445: 436: 428: 422: 421: 419: 418: 404: 398: 397: 395: 394: 379: 341: 338: 320: 313: 262:Student syndrome 251:resource leveled 221:project managers 206:student syndrome 202:bad multitasking 108:student syndrome 702: 701: 697: 696: 695: 693: 692: 691: 667: 666: 665: 660: 622: 617: 562: 547:Wayback Machine 481: 479:Further reading 473: 472: 465: 461: 456: 452: 443: 441: 434: 430: 429: 425: 416: 414: 406: 405: 401: 392: 390: 381: 380: 376: 371: 354: 342: 336: 333: 326:needs expansion 311: 298: 281: 258:Parkinson's law 236: 210:Parkinson's Law 184:Feeding buffers 112:Parkinson's law 100: 63: 24: 17: 12: 11: 5: 700: 698: 690: 689: 684: 679: 669: 668: 662: 661: 659: 658: 653: 648: 643: 638: 633: 627: 624: 623: 618: 616: 615: 608: 601: 593: 587: 586: 580: 574: 569: 561: 560:External links 558: 557: 556: 550: 537: 527: 514: 508: 495: 480: 477: 471: 470: 459: 450: 423: 399: 373: 372: 370: 367: 366: 365: 360: 353: 350: 344: 343: 323: 321: 310: 307: 297: 294: 280: 277: 235: 232: 198: 197: 190: 189: 188: 185: 182: 181:Project buffer 173: 172: 171: 164: 155: 123:critical chain 104:task switching 99: 96: 84:Standish Group 72:Critical Chain 62: 59: 15: 13: 10: 9: 6: 4: 3: 2: 699: 688: 685: 683: 680: 678: 675: 674: 672: 657: 654: 652: 649: 647: 644: 642: 639: 637: 634: 632: 629: 628: 625: 621: 614: 609: 607: 602: 600: 595: 594: 591: 584: 581: 578: 575: 573: 570: 567: 564: 563: 559: 554: 551: 548: 544: 541: 538: 535: 531: 528: 526: 522: 518: 515: 512: 509: 507: 506:1-58053-074-5 503: 499: 496: 494: 493:1-57444-195-7 490: 486: 483: 482: 478: 476: 468: 463: 460: 454: 451: 440: 433: 427: 424: 413: 409: 403: 400: 389: 385: 378: 375: 368: 364: 361: 359: 356: 355: 351: 349: 340: 331: 327: 324:This section 322: 319: 315: 314: 308: 306: 304: 295: 293: 289: 285: 278: 276: 274: 269: 267: 263: 259: 254: 252: 247: 243: 241: 233: 231: 230: 228: 222: 218: 213: 211: 207: 203: 195: 191: 186: 183: 180: 179: 177: 174: 169: 165: 162: 161: 159: 156: 153: 152: 147: 146: 145: 143: 138: 136: 132: 128: 124: 120: 115: 113: 109: 105: 97: 95: 93: 89: 85: 80: 78: 74: 73: 68: 60: 58: 56: 52: 51:critical path 48: 44: 40: 36: 32: 28: 22: 640: 533: 516: 510: 497: 484: 474: 462: 453: 442:. Retrieved 438: 426: 415:. Retrieved 411: 402: 391:. Retrieved 387: 377: 347: 334: 330:adding to it 325: 302: 299: 290: 286: 282: 270: 266:stakeholders 255: 248: 244: 237: 224: 214: 199: 175: 157: 151:dependencies 148: 139: 122: 119:project plan 116: 101: 81: 71: 64: 30: 26: 25: 412:www.pmi.org 671:Categories 444:2017-07-20 417:2017-01-27 393:2024-07-18 369:References 337:April 2010 296:Monitoring 127:precedence 279:Execution 168:estimates 39:resources 543:Archived 352:See also 234:Planning 194:schedule 88:duration 382:Asana. 309:History 131:project 98:Details 61:Origins 523:  504:  491:  303:before 121:, the 435:(PDF) 388:Asana 117:In a 92:scope 77:Gantt 43:tasks 583:Quiz 521:ISBN 502:ISBN 489:ISBN 55:PERT 53:and 31:CCPM 332:. 106:), 673:: 500:, 487:, 437:. 410:. 386:. 260:, 208:, 204:, 178:: 137:. 110:, 612:e 605:t 598:v 447:. 420:. 396:. 339:) 335:( 196:. 29:( 23:.

Index

Critical Chain (novel)
managing projects
resources
tasks
Eliyahu M. Goldratt
critical path
PERT
Theory of Constraints
Critical Chain
Gantt
Standish Group
duration
scope
task switching
student syndrome
Parkinson's law
project plan
precedence
project
critical path method
critical path analysis
dependencies
estimates
schedule
bad multitasking
student syndrome
Parkinson's Law
earned value management
project managers
Event chain methodology

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑